How to Update an Entire Home on a Budget

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With a little patience and some extra planning, you can transform your home on practically any budget. Read ahead for a look at some tips and tricks that will allow you to increase the value of your home without breaking the bank.

Refresh Your Home With Paint

Adding a fresh coat of paint to the interior and exterior walls is one of the most cost-effective ways to give your home a makeover. This simple project is especially affordable if you have some time to wait until a bucket of paint has been mixed incorrectly. Many home improvement centers sell buckets of paint that have been improperly mixed for a previous customer at just a fraction of the cost of new paint. Obviously, this means that you will need to be a little more flexible with your home’s future color scheme.

Open Your Kitchen Up

There are two reasons that opening up a kitchen is a popular home improvement project. The first reason is that it requires very little in the way of materials in most cases. The majority of the time and energy that is spent on this project takes place during the demolition stage. The second reason is because kitchens are a major selling point when a home is on the market. A kitchen with wide doorways or knee walls will set a home apart from other nearby pieces of property.

Finish the Basement

Leaving a basement unfinished means that you are not utilizing your home to its full potential. On average, finishing a basement will cost between $30 and $75 per square foot depending on how luxurious you would like it to be. Basements can be turned into anything from an extra bedroom to a gaming room, and this extra space will add an incredible amount of value to a home. Homeowners who are hoping to renovate the basement should focus on the flooring and insulation in order to make it as comfortable as possible.

Turn Dead Space Into Storage Space

Dead space is any area of the home that no longer serves a purpose. In older buildings, dead space can often be found where chimneys have been boarded up or an entryway has been boxed in by larger furniture. Instead of having useless space in your home, you might want to consider turning it into storage space. This can be accomplished with nothing more than prefabricated cabinets that are painted to match the nearby décor.

Add Some Outdoor Living Space

Depending on the local climate, adding some outdoor living space can be an excellent investment. Outdoor entertainment is always a popular pastime, and many families who are on the market for a new home want a comfortable place to relax outside. Creating an outdoor living space requires nothing more than a comfortable place to sit and some form of shade.

As you may have noticed from these few tips, improving the look and functionality of your home doesn’t need to be an expensive venture. Those who are willing to invest a little extra time into the planning stages can complete some major home projects at just a fraction of the cost.